Amazon arbitrage is growing in popularity, and for good reason. People are making thousands of dollars each month by reselling products on Amazon that they purchased either on an online retail site or at a physical store.
Of course, it takes some business know-how and a bit of research into the world of arbitrage to really start raking in the big bucks, but it's totally possible. In the coming years, we can expect to see more individuals taking advantage of FBA, so now might be the time to hop on this trend.
What Makes Amazon Arbitrage So Great?
Let's back up for a second and look at what makes this whole endeavor so great anyway. First of all, it's something that most people start out doing in their spare time. You can continue working your nine-to-five job while making some extra cash on the side, and who wouldn't want that? Furthermore, it doesn't take a genius to figure it out, so even if you're not great with math or numbers, you just need to be observant to start earning money.
The Foundation Is Pretty Simple
As for getting started with Amazon arbitrage, familiarizing yourself with the basics is relatively easy. Recognize that this is a fairly straightforward process. First of all, you can take an item you already have, or buy a product off of Amazon, eBay, or another retail store, online or in store.
You can then send that item to Amazon's fulfillment center, where they will list it to sell. Once the product gets a buyer, Amazon ships it for you thanks to their FBA service, and you make a profit.
So, how are people making money with this process? Consider that you're shopping at Walmart or any other retailer, really. You spot a great sale on an item and notice that it's 50, 60, 75% off.
You can load up on that item and then sell it on Amazon for its full price. Once someone buys it, you will make a profit with very little effort. Clearly, there aren't any entrepreneurial skills required to do that.
The Growing Face of Amazon Arbitrage and FBA
These days, online shopping is becoming the norm, and therefore, people are picking up on the idea of Amazon arbitrage.
They don't have to deal with the same customer service pressures of traditional businesses, nor do they need to worry about providing just the right products because Amazon is a retailer that sells just about everything. Yes, more experienced sellers will try to keep their offerings in a consistent niche, but it's not totally necessary.
When you're just starting out, it's all about easing into it and focusing on a few great products to begin with. To make things even easier, product research solutions such as this app can help save time when sourcing products to sell on Amazon. You don't need to be a jack of all trades, but if you consistently offer consumers good quality products, they will be willing to come back for more.
Sellers also take advantage of Amazon Prime's user benefits because Prime users are more likely to become repeat customers and purchase more. As Amazon arbitrage becomes more popular, you should think about getting started yourself!
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Starting with a little background, I am an anti-bullying advocate and have recently graduated from The Parent Leadership Training Institute, where as part of our studies we were asked to come up with a community project close to our hearts and put it into action. My cause was bullying, and I began a blog and Facebook page to address issues pertaining to all forms of bullying. Implementing this project was followed by a thre- minute speech to my peers, and, after all this, here is what I have learned about bullying.
Bullying makes people feel bad about themselves, leading to feelings of inadequacy, low self-esteem and even physical symptoms. The repercussions of bullying can cause people to miss school or work as well as countless other negative side effects.
I have been bullied both at school and at work, and I know of others who have suffered the same plight. It is not fun!
My first bullying experience was in seventh grade as a young teen. There was a group of three "mean girls" who harassed me and, I later found out, several of my friends; they thought it was funny to pick on others about their clothes, their looks or whatever else they could come up with (who knows). It felt awful at the time. Supposedly, I was chosen to get picked on because they claimed I bought my clothes at the Goodwill. That wasn't true, but really who cares? Why they were picking on me was never really the point. Luckily, after a while, the meanies went on to the next victim(s) like a never-ending cycle. I tend to think once a bully, always a bully, which goes to show how good a lifestyle that is, because those "mean girls" never amounted to much. In hindsight, I feel sorry for them. Watch the movie The Gift if you're really curious about what happens to bullies when they grow up.
And bullying was not just an issue when I was a teen, since then nothing much has changed. My own nephew was bullied in eighth grade, and he recently talked to me in depth about of how the bullying took a toll on him. Especially because I had the same experience, I could relate to him in ways that some others couldn't. Like reliving my own memories, I was incredibly broken up to hear how it made him feel.
Even worse than that, bullying does not end in the school yard. Employees are being bullied on the job at an alarming rate. When you are bullied on the job as an adult, it taken an even bigger toll. Further it doesn't just go away like those middle school "mean girls." Unless you can quit your job, you might just be stuck. There are all kinds of physical symptoms, stomach pains, migraines and even panic attacks. Beyond the physical, people's mental and emotional state is extremely sensitive to bullying, and as a result work performance might suffer. Furthermore, it might feel like there is no recourse, no one to believe you. You can hope that the HR Department is willing to listen and do something about it, but the whole process can be so disheartening. And in the hierarchical corporate environment, sometimes the bully seems to get ahead and you are left lagging behind in a subservient position. This is what happened to me as a victim of workplace bullying. It started with me being told by a co-worker that my boss was following me to the bathroom, staring down the hall whenever I left my desk to make sure I came right back to my seat. Then it was standing over me as I typed, ordering me to get in a car with them, not allowing me to sit somewhere if it wasn't within their sight. The list of offenses could go on endlessly. There were times I felt like I couldn't breathe. And then, the bully torturing me got a promotion. Like the character of Miranda Priestly in The Devil Wears Prada, the classic bully is revered by her peers, despite the fact that all of her employees are terrified of her. Yet, she is in a role of high stature and praised as a bully. We live in a culture that is not only complacent in the existence of bullies, but one that actively allows them to thrive.
It makes you realize how unfair life can be. Of course, no one said that life would be fair; maybe you just assumed that bad people would not get ahead. But, they do. Even now, I cannot help but to shake my head in disbelief. I often wonder what makes a person feel the need to laud their power over another. Are they insecure? Were they bullied themselves? They must feel bad about themselves in some way? Do they feel the need to do this to make themselves look good? Whatever the reason, it certainly isn't nice at all. I have found myself at different times in my life standing up for people who have been bullied around me. And I certainly do not allow anyone to treat me in any way that I find disrespectful. I truly believe in karma, and I tell myself that at some point in time, the bullies will get it back in some way. I have seen it happen, and in the meantime, I just say to myself "What goes around, comes around."
Bullying shows no sign of slowing down, and in this day and age, it's even worse than I have experienced in the past. Cyber bulling, rumors, fist fights, knifes, guns and other forms of both mental and physical cruelty, it truly sickens me. I know that I cannot save everyone, but I try to be an advocate as much as possible and encourage others to do so as well. NO ONE SHOULD BULLIED! It is disgraceful to say the least. You should always practice grace as much as you can. With every person who chooses to do so, the world gets a little bit better. I will be writing more on this topic on a regular basis; I feel it helps to talk about this subject aloud and spread the word. and, if nothing else, be kind.